Which of the Following Statements About Group Short-Term Disability Income

question 37

Multiple Choice

Which of the following statements about group short-term disability income plans is true?

• A)Most plans have a short elimination period for accidents but cover sickness from the first day of disability.
• B)Disability is usually defined in terms of any substantial,gainful,employment.
• C)The amount of disability income benefits typically is equal to some percentage of a worker's normal earnings.
• D)Most short-term plans cover occupational disability only.

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Definitions:

Supplies

Items used in the operation of a business, often consumable, like stationery, raw materials, or maintenance supplies.

Utilities Expense

The cost incurred by businesses for basic services such as water, electricity, gas, and telecommunications.

Office Supplies

Items used regularly in an office for writing, printing, filing, or cleaning, regarded as consumable materials.

Journalize

The act of documenting monetary transactions within a journal during a stage in the accounting cycle.